The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-10-05
CONDITION OF THE MARKETS
The Feeling in Wheat More Bullish, but
Changes in Prices Slight.
Corn Duller Than 1t Has Been for Many
Weeks-Oats Dull and Quiet-Provisions
Easy, with but Little Doing.
MONEY, BONDS AND STOCKS.
Money Easy on Cali-stocks Quiet, but Firm
Higher Prices.

Money Easy CalI-stocks Quiet, but Firm
on Higher Prices.
NEW YORK Oct 4-Moncy on call was
easy at4 to 6 per cent, the last loan being
made ut 5 per cent, and closing offered at per
cent.
Prime mercantile paper. 81 0s4 per cent.
Sterling exchange dull but steady and I'M
changed.
The total sales of stocks to-day were 263. 534
shares. including: Delaware. Lackawanna 81
Western, H. s4o Erie. 4.14O Lake Shore, 5,010;
Missouri Pacific, 1905; Northwestern, 16. 256;
Reading, SO, 700; St. Paul, 70 $40; Union Pacific,
3.400; Western Union, 40, 1885,
Tue stock market to-day was quiet but firm to
strong, from the opening almost to the close
leaving prices generally fractions above yester-
days figures. The temper Of the street was
quite bulisb, but the lower prices from London
and the few foreign selling orders made the
early dealings somewhat irregular. though this
was of short duration. Western Union was
again the great feature of the day. and was
specially strong throughout, the belief that the
telegraph deal is now near it's final consumma-
tion gaining ground rapidly: All
the rumors which have been circulated
from time to time again brought forth,
and the dealings in the stock were attended by
considerable excitement at times. The rise In
the stock very steady and without a reaction
of any Importance until the last hour The
grangers came in for a large share OF attention,
and the comparatively small decrease in the st.
Paul earnings caused a revulson Of feeling on
those stocks, and tine buying for both sides of
the account was freely INDUCED in. Lackawanna
showed most strength outside OF the leaders,
but none of the remainder were of special in ter
est. The bears made q slight demonstration in
the last hour and succeeded in closing the day
somewhat off from the best figures. Prices at
the opening were irregular, though changes
from yesterdays FINAL figures were for to per
cent only, as general thing. There was
fairly active trading during the first half hour
and decided strength was developed, Western
Union and st. Paul being the leaders. The mar
ket soon became dull but retained the firm tone
throughout subject only to small fluctuations
nm til the afternoon. when Northwestern led 8
moderate reaction. Higher figures were at
tanned in the last hour however, when the
realization again ssgged the list off, but the close
was quiet and steady to firm ut the best
prices. The net result of the days business is
that the great majority of stocks are fractionay
higher, the only i'm portant change being an ad-
vance in Western Union of Is.
Railroad bonds were dull; sales. $898, 900. The
market was firm, however, and final prices gen
orally show small advances. Indiana, Bloom
ington 81 Western seconds, trust receipts, rose
a. to IA, and Wabash, St Louis division seveus
Fl, to l13.
Government bonds were dull and without
change. State bonds were dull and steady. The
closing quotations were follows: